Prague: Where China and Russia’s 1% love to shop
Some 25 years after the fall of communism, Prague has become a favorite shopping destination of Russian and Chinese rich.
OPEC decision spells trouble for Russia
The decision by the OPEC to keep production at current levels means trouble for the Russian economy, analysts warn.
Weak yen and oil price lifts Nikkei
Japan’s Nikkei closes at its highest level for two weeks, with exporters boosted by a weaker yen and airline shares helped by falling oil prices.
Gold’s ‘6,000 yr. bubble’ to end with Swiss vote?
As Switzerland prepares for an important referendum on its gold holdings, high-profile critics and advocates are adding their voice to the debate.
Energy firms hit with £39m penalty
Regulator Ofgem imposes record £28m penalty on power generator Drax, while InterGen faces an £11m payout, for missing energy saving obligations
France paying for past mistakes: Economy Minister
French Economy Minister Emmanuel Macron has placed the blame for the sustained weakness in France with previous administrations.
Curb welfare for migrants or risk EU exit: UK’s Cameron
Britain’s membership of the EU is contingent upon it being allowed to stop migrants tapping into its welfare system, Prime Minister David Cameron will warn Friday.
Early shoppers queue up, analysts see stellar deals
Economists are closely watching whether retailers can entice shoppers to spend during what retailers consider the biggest shopping weekend of the year, the NYT reports.
Pfizer deal would probably have failed: AZ CEO
Pfizer’s attempt to take over AstraZeneca in May would probably have failed after changes to U.S. tax laws, even if the companies had reached a deal.
Why India markets will continue to break records
India markets have made a stunning recovery from last year’s taper tantrum, with the Nifty index at record highs.